Hello,
I have invested Rs15000 in hdc tax saver in feb'2011. Now after 3 yers of lock in period , in march'2014 i have partly switched over of RS 10000 in hdfc LT advantage (ELSS TAX SAVER) mutual fund.
Now is there any tax (long term capital gain tax or any another ) ?
secondaly, is the investement of RS 10000 can be shaow in tax rebate of section 80?
Thanx in advance
exemption u/s 10(38) is applicable to units of equity oriented fund when STT is paid. In case of other mutual funds it would remain taxable as long term caoital gains.
If the new scheme you have invested in is eligible for 80C deduction you can claim Rs 10000/- this year.
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